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<br /> not extend 'pr post.pone the due datd ot flie monthly ins 'tallrnents referred to in paragraphs 1 and 2 hereof or
<br /> change the i�inount nf sueh instullmente.
<br /> l r l0. . Borrower Not Released. Uxtension of ttte time for pa,yment or modification af ainortization of the sums
<br /> secured by this 14ortgsge grsnted by Tiender to �nv si�ccessor in intierest. of Borrower shall not .operate to - release,
<br /> 'in any manner, the )i�bility of the originnl 13orrower and Borro�cer's successor� in interest. I.ender shull. not be
<br /> i required torommence proceedings against stiicli successor oi• i•efuse to extend time for payment or otherwise modify ;
<br /> a�iiortisation of the swns secured by tl�is \Iortgage hy re�son of any demand made Uy the priginal Borro�ver and �
<br /> � O Borrower'a successors in interest. `
<br /> 11. Forbearanee by lender Not cx Waivmr. Any forbearanee by I.ender iti exereising any rigl�t or remedy . �
<br /> ` �� l�ereunder, or otherwise afforded by a��plicaUle law, shall not be n �vaiver' of or preciude the exercise of any right t
<br /> �-' or remedy }�ereunder. The procurement' of insurance or the payment of taxes or other ]iens or charges by Lender '
<br /> `' ��� shall not be' a �vaivei• of Lender's right to accelerate the �naturity of tl�e indebtedness secured by ' this �ortgage. ; " '
<br /> �� 12. Remedies CumuIa6ve. All remedies `provided in tliis \•lortgage are distinct and cumulative to any other ?``
<br /> : � -�= right or remedy undei this �4ortguge' or• ttiffordci'i f>y la��• or equiiy, anii maiy bc exercised concuerently, independ- t
<br /> ; � ently or suceessivelyi , �,
<br /> ? � 13, Successors and Assigas Bound; Joint and Sr.veral Liability; Captions. The covennnts and agreements '.
<br /> ` ^, herein contained shall Uind , and tlie rights l�ereunder' sliall inure io, Che respective successors ai�d assi�ns of Lender �
<br /> � and Borrower, suUject to tlie provisions of paragraph 17 hereof. All covenants und agrcements of Borrower shall
<br /> ' be joint and severaL The captions and' licadings of t.lie �iaragr:iphs of this \Iortg�ge are for com�enience only and
<br /> � � �
<br /> , ; are not to be used to interpret or define thc provicions l�ereof. a '
<br /> 14. Notice. Any notice to 13orrower provided for in tl�is \Torigngc shali be given by mailing such notice by
<br /> certified xnail addressed to Borrower itit tlye Yroperty Acidress stated belo�r , except for <<ny notice required wider
<br /> ` �iaragrupfi 18 hereof t;o Uc given to Borro�ccr in the manner prescribed by a��plicable la�e. 4ny notice provided ��
<br /> � tor i:7 this 1lortgage shall be deemed to havc bcen given to Borrower ��•lien giveu in thc. �nanner designated herein. ""
<br /> , 15. Uniform Mortgage; Goveming Law; Severability. This ia�m of mortgage combines uniform covenants i'
<br /> � for national use and non-uniform covenflnts with limitc�l varir�tions by jurisdiction to constitute a unitorm secu- 3i
<br /> 7 s rity instrument covering real property. This \Im�tga�e shall Le governed by tl�e la�v of the jurisdiction in which �:
<br /> ,, ' the Property is lucated . In the event that any provision or clause of this :14ortgage or tl�e Note conflicts with �
<br /> i' a licable law such conflict shall not affect. other n•ovisions of this :�Tort a e or the Note which c�n be
<br /> PP , t � g Siven ;:
<br /> ' effect without the conflictin� provision , and to t6is end tdie provisions of the �lortgage and the Note are declared �`
<br /> � to be severable.
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<br /> ; 16. Borrower's Copy. Borro�ver shall be furnislied z conformed copy of this n4ortg�ge at the time of execu-
<br /> ;: tion' or after recordation hereof. `
<br /> ;,' 17. TransEer of the Property; Assumption. If all or any [�art of tl�e Property or an interest therein is sold z
<br /> or transferred by Borrower ivithout Lender's prior �vritte�z consent, excluding (a� ) the creation of � lien or encum-
<br /> S brance suUordinate to this �Sortgsge, ( b) tl�e cre�tion of a purchase ruoney security interest for household appli-
<br /> ances, (c) a transfer by devise, clescent or by of�eration of la��• i�pon the death of a joint tenant or (d) the. grant of
<br /> a�y ]easehold interest of three years or less not containing an optiou to purchase, Lender may. at Lender's option,
<br /> ; declare all the sums secured by this Mortgage to be immediately due snd payable. Lender sl�all have wnived such �`
<br /> option to accelerate if, prior to tl�e sale or transfer, Lender and the person to whom tlie Yropei�ty is to be sold or '
<br /> ! • transferred reach agreeinent in avriting that the credit of such ��erson is satisfactor}� to Lender and that tl�e interest �:`
<br /> a paysble on the sums ser,ured by this tilortgage sl�all be at sucl � rate as Lender shull request. Ii Lender has waived
<br /> the option to sccelerate provided in this paragraph 1 r and if Borrotver'e successor in interest has executed a writ- �'
<br /> i ten assumption agreeraent accepted in �vritingl�y I,ender, Lender shail release Borrower from all obligations under
<br /> this Mortgage and the Note.
<br /> Ii Lender exercises such option to a��celerate, Lender sl�all :nail Borrower notice of acceleratiou in aecondance
<br /> witli ��aragrapl� 14 hereof. Such notice sl�:ill pro�•ide a period of not less than 30 days from the date tlie notice is
<br /> `' mailed rvithi� which Borrower mav pay the sums declared �lUc. If 13orrower fails to I�ay such sums prior to the
<br /> � expiration of such period, Lender m�y, rvitl�aut furt{�er noEice or demand on B'orrower, invoke any remedies per- (
<br /> � �> mitted by paragraph 7.8 hereof.
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<br /> } �Tox-L?xiFoaaz CovExw�.Ts. Bori•o�ver aiid Lendei• furtl�er covenant and agree as follo�v5 :
<br /> �' 18. Acceleration; Remedies. Fxcept as provided in � �aragr.i� ,l� Y7 liereof; upon 13orro�aer's breach of an}'
<br /> '•' covenant or agreement ot Barrowcr in this �iort�age, ini�luding tLc covensnt.s to ��ay �ti•hen due :�n}� sums secured
<br /> � by this \lortgage, Lender l�rior to aceclerstion �hssli mnii notice to I3orro�ver ns ln�ovided iii paragruph 14 hereof
<br /> � � specifying: ( 1 ) - the breach ; ( 2 ) tl�e iiotion required to cure suc�h bre�ch ; l '3 ) a � datc , not; lees tl�an � tk�ii�,y days
<br /> , j from the date the notice is niailed to 13orroivcr, b�• �cliich �ucl � brcacL must Ue cured ; aix! ( 4L thut fnilurc to cure
<br /> 4 such breach on or before tlie date specified in the not.ice �nay a•esult. iii accelei•aiion of the suins secured by tliis
<br /> !�lortgage and sale of the Property. If the breacl� is not cured on or before tlie dlte specificd in tl�e notice , Lender
<br /> at Lender's option inay ileclare aU of thc swns secured by this �4ortgage to be immediat,ely due uncl payable
<br /> � without further 3emand and may toreclose iLis �4ortgage by judi<�ia] proeeeding. Lender shalt he cntitled to collect
<br /> ;i in such proceeding all expenses of foreclosure, including, tiut not liroited to, costs of documentary evidence,
<br /> = abstracts and t:itle reporis.
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<br /> 19. Bonower's Right to Reinsiate. \'otx•ithstanding I.ender's accelerution of the awus secured b,y this
<br /> Mortgage, Borrower shall hnve tl�e riglit to have any proceeding. be�un by Lender to enforcc tliie 14ortgage dis-
<br /> eontinued at any time prior to entry of a judgment enfoTcing tliis 1�ortgage if : ( a ) Borro«�er pays Lender all
<br /> sums -whieh would be then due under this �'Iortg.ige, the Note and notes securing Futurc Adaanees, if any, had no
<br /> acceleration oceurred ; (b) Borrower cures a11 hreacl�es of anp otl�er co��enants or agreements of Borrower con-
<br /> tained in this Mortgage ; (c ) Borrower pays all reasonsble expenses incuri•ed by I,en<ler in entoi•cing the covenants
<br /> and agreements of Borrower cont�ined in ttiis ;�tortgage :ind in enfor�ing T.endet•'� remedie;� a. 2�rovi�icd in para-
<br /> graph 18 2�ereof, including, but not limited to, reasonable attoi•ney'� fee.� ; and idl Borrower takes such action` fls
<br /> Lende; may reasonably require to assure that. the lie:� of this \lortgage; Lender's interest in the Properf,y anci
<br /> Boriower's obligation to pay the sums secured hy this \Tortgu�e ahail continu� unimpaired . Unon such paynient.
<br /> and cure by Borrower, this Mortgage and the obligationa secured hereby shail rc:inain in full force snd effect as if �.�� � - ,� ��
<br /> no acceleration had occurred. � `
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<br /> . 20. Aasignmeni o! Reats; Appointmesit of Receiver; Lender in Possessioa. As additional security here- g �. i��
<br /> ° under, Borrower hereby assigns to Lender tl�e rents of the Propertz�, pro�•ided that Borro�cer shall , prior to acceler- y g
<br /> �; atian under paragraph 18 hereof or abandonment of the Property, hzivc che right to collect and retain such rents � `' '�
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<br /> ° as they become due and payable. ;.=� �
<br /> � Upon acceleration under �aragraph 18 hereof or absndonment of tize Yropei�y , Lender, in ��er�on, by agent
<br /> j or byjudieially agpointed receiver shaiI be entitled t4 enter upan, takc posscssion of and ui:inagc thc I'roperty
<br /> � ' and t.o coNect. the mnts of the Property; includi�.n ihose p:�st due. .All rcnts collectcr� br Lencler or the recciver ` �
<br /> shal! be applied first to payment of the costs of management of the Property and callection of rents , including, bui
<br /> not limited to, receivePs fees, ;�remiums on receiver's i�ond� and reasonable attorney 's fees. and then to the sums
<br /> secured by this Mortgage. Lender and the receiver shall be liabte to account onh� for those rents actuallv received .
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